Key Developments: TDK Corp (6762.T)

6762.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

TDK CORP raises consolidated full-year forecast for FY 2014
Friday, 31 Jan 2014 01:00am EST 

TDK CORP:Sees consolidated full-year revenue of 985,000 million yen for the fiscal year ending Mar. 31, 2014, compared to the previous forecast of 930,000 million yen.Sees operating profit of 37,000 million yen, compared to the previous forecast of 30,000 million yen.Sees ordinary profit of 38,000 million yen, compared to the previous forecast of 28,000 million yen.Sees net profit of 16,000 million yen, compared to the previous forecast of 13,000 million yen.Sees earnings per share of 127.18 yen, compared to the previous forecast of 103.34 yen.Says this is due to favorable business performance.FY 2014 revenue of 980,770 million yen and net profit of 19,830 million yen - Thomson Reuters I/B/E/S.  Full Article

R&I affirms TDK CORP's rating at "A+" and announces stable outlook
Friday, 20 Dec 2013 01:00am EST 

TDK CORP:Rating and Investment Information, Inc. (R&I) affirmed TDK CORP's rating at "A+".Rating outlook stable.  Full Article

TDK CORP's subsidiary acquires two HDD-related products businesses - Asahi Shimbun
Monday, 2 Dec 2013 07:00pm EST 

TDK CORP:TDK Corp's Thailand-based hard disk drive suspension assemblies subsidiary, Magnecomp Precision Technology Public Co. (MPT), concluded an agreement in Oct. to acquire two HDD-related companies from U.S.-based entrotech Inc. - Asahi Shimbun.  Full Article

TDK CORP to End Data Storage Media Business- Jiji Press
Thursday, 29 Aug 2013 09:26am EDT 

Jiji Press reported that TDK CORP announced that it will withdraw from its 60-year-old data storage media business. The Company will dissolve Media Technology Corp., a unit that manufactures and sells magnetic tapes for backing up large volumes of data for industrial use, at the end of March 2014.  Full Article

TDK CORP Reaffirms FY 2014 Guidance-Conference Call
Wednesday, 31 Jul 2013 04:30pm EDT 

TDK CORP announced that for fiscal 2014, it projects net sales JPY930 billion, operating income JPY30 billion and pretax income JPY28 billion and net income of JPY13 billion.  Full Article

TDK CORP Delisted from London Stock Exchange
Wednesday, 24 Jul 2013 07:50pm EDT 

TDK CORP announced that its stock is delisted from London Stock Exchange on July 24, 2013. The Company's stock remained listing on Tokyo Stock Exchange.  Full Article

Moody's Downgrades Rating on TDK CORP to A3; Rating Outlook Stable–Moody's Investors Service Press Release
Sunday, 7 Jul 2013 08:00pm EDT 

Moody's Investors Service Press Release reported that Moody's Japan K.K. has downgraded TDK CORP's long-term issuer rating to A3 from A2. The rating outlook is stable.  Full Article

TDK CORP to Delist From London Stock Exchange
Friday, 24 May 2013 04:00am EDT 

TDK CORP announced that it has decided to request the cancellation of the admission to trading of its common stock on London Stock Exchange (LSE). The cancellation of the listing and of trading on the LSE is expected to take effect on July 24, 2013.  Full Article

TDK CORP Issues FY 2014 Mixed Guidance-Conference Call
Friday, 26 Apr 2013 08:00am EDT 

TDK CORP announced that for fiscal 2014, it expects consolidated net sales of JPY930 billion; operating income of JPY30 billion; and net income of JPY13 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 891 billion and EBIT of JPY44 billion and net income of JPY 29 billion for fiscal 2014.  Full Article

TDK CORP to Establish Joint Venture
Friday, 26 Apr 2013 03:00am EDT 

TDK CORP announced that it has decided to establish a joint venture with Rising Nonferrous Metals Share Co., Ltd. and TOKAITRADE CO., LTD. in May 2013. TDK CORP, Rising Nonferrous Metals Share Co., Ltd. and TOKAITRADE CO., LTD. will hold a 59% stake, a 37% stake and a 4% stake in the joint venture respectively. The joint venture will be engaged in manufacturing of rare-earth magnet, based in Guangdong province in China.  Full Article

TABLE-TDK -2013/14 parent results

Apr 28 - TDK Corp PARENT-ONLY FINANCIAL HIGHLIGHTS (in billions of yen unless specified) Year ended Year ended Year to NEXT Mar 31, 2014 Mar 31, 2013 Mar 31, 2015 YEAR LATEST YEAR-AGO COMPANY COMPANY RESULTS RESULTS FORECAST H1 FORECAST Sales 92.62 115.68

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